Advisory Research’s British American Tobacco BTI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$7.61M	Buy	130,231 +12,429	+11%	+$736K	0.94%	33
2025 Q4	$6.67M	Buy	117,802 +66,334	+129%	+$3.62M	0.84%	32
2025 Q3	$2.73M	Buy	+51,468	New	+$2.79M	0.36%	59
2021 Q1	–	Sell	-934,970	Closed	-$35.1M	–	349
2020 Q4	$35.1M	Buy	934,970 +427,677	+84%	+$15.3M	2.57%	3
2020 Q3	$18.3M	Buy	507,293 +53,008	+12%	+$1.86M	1.79%	7
2020 Q2	$17.6M	Buy	454,285 +60,051	+15%	+$2.3M	1.57%	11
2020 Q1	$13.5M	Buy	+394,234	New	+$16.1M	0.93%	43
2018 Q2	–	Sell	-200,191	Closed	-$11.5M	–	372
2018 Q1	$11.5M	Buy	200,191 +3,812	+2%	+$240K	0.21%	111
2017 Q4	$13.2M	Buy	196,379 +182	+0.1%	+$11.9K	0.22%	107
2017 Q3	$12.3M	Buy	196,197 +17,453	+10%	+$1.13M	0.2%	109
2017 Q2	$12.3M	Buy	178,744 +108,231	+153%	+$7.52M	0.19%	111
2017 Q1	$4.68M	Buy	+70,513	New	+$4.36M	0.07%	175